Paragon 28, Inc. (NYSE:FNA – Get Rating) shares were up 8.6% on Friday . The company traded as high as $20.03 and last traded at $19.60. Approximately 1,784 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 140,490 shares. The stock had previously closed at $18.04.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Canaccord Genuity Group raised their price target on Paragon 28 from $20.00 to $25.00 in a report on Friday, August 5th. Needham & Company LLC raised their target price on shares of Paragon 28 from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $25.40.
Paragon 28 Trading Up 11.3 %
The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.49 and a current ratio of 3.66. The stock has a market capitalization of $1.54 billion and a price-to-earnings ratio of -44.62. The business has a fifty day simple moving average of $17.94 and a 200 day simple moving average of $17.68.
Insider Buying and Selling
Institutional Investors Weigh In On Paragon 28
Several hedge funds have recently modified their holdings of FNA. Calamos Advisors LLC raised its position in Paragon 28 by 271.6% in the first quarter. Calamos Advisors LLC now owns 111,277 shares of the company’s stock valued at $1,863,000 after purchasing an additional 81,331 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of Paragon 28 by 53.3% in the second quarter. Valeo Financial Advisors LLC now owns 495,005 shares of the company’s stock valued at $7,856,000 after buying an additional 172,125 shares during the period. Russell Investments Group Ltd. bought a new position in Paragon 28 in the 2nd quarter valued at approximately $2,440,000. Kornitzer Capital Management Inc. KS raised its holdings in Paragon 28 by 22.2% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 459,354 shares of the company’s stock valued at $7,290,000 after buying an additional 83,604 shares during the last quarter. Finally, Swiss National Bank acquired a new stake in Paragon 28 during the 2nd quarter worth approximately $1,000,000. Institutional investors and hedge funds own 20.22% of the company’s stock.
Paragon 28 Company Profile
Paragon 28, Inc designs, develops, distributes, and sells foot and ankle surgical systems in the United States and internationally. It offers plating systems, including gorilla plating systems, such as lisfranc, lapidus, lateral column, calcaneus slide, and naviculocuneiform (NC) fusion plating systems; baby gorilla plate-specific screws, navicular fracture plates, and 5th metatarsal hook plates; and silverback plating systems.
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